CEE-focused property landlord Immofinanz warned on Thursday that the value of its investment portfolio is set to decline by €45 mln in the first quarter of the year as a result of the Covid-19 pandemic.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
